Wealth Enhancement Advisory Services LLC Acquires 13,499 Shares of CLEAR Secure, Inc. (NYSE:YOU)

Wealth Enhancement Advisory Services LLC lifted its position in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 132.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,681 shares of the company's stock after purchasing an additional 13,499 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in CLEAR Secure were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC acquired a new stake in CLEAR Secure in the 1st quarter valued at $27,000. Fifth Third Bancorp boosted its stake in CLEAR Secure by 217.0% in the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock valued at $29,000 after buying an additional 764 shares in the last quarter. Huntington National Bank acquired a new stake in CLEAR Secure in the 4th quarter valued at $35,000. SRS Capital Advisors Inc. boosted its stake in CLEAR Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after buying an additional 766 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL boosted its stake in CLEAR Secure by 113,800.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after buying an additional 2,276 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Wall Street Analyst Weigh In

YOU has been the topic of several recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $32.00 price target on shares of CLEAR Secure in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of CLEAR Secure in a research note on Monday, March 24th. Finally, Wall Street Zen upgraded CLEAR Secure from a "hold" rating to a "buy" rating in a research report on Saturday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.00.

CLEAR Secure Stock Up 1.4%

YOU traded up $0.39 during trading on Friday, hitting $29.00. The company's stock had a trading volume of 802,409 shares, compared to its average volume of 2,061,474. The firm's 50 day moving average price is $25.55 and its two-hundred day moving average price is $25.39. CLEAR Secure, Inc. has a 12 month low of $18.23 and a 12 month high of $38.88. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 17.16 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The company's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. On average, sell-side analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.72%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's dividend payout ratio is 31.25%.

Insider Activity

In related news, Director Kenneth L. Cornick sold 315,591 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the transaction, the director owned 64,935 shares in the company, valued at $1,624,673.70. This trade represents a 82.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Adam Wiener sold 3,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $27.50, for a total value of $82,500.00. Following the completion of the transaction, the director owned 212,634 shares in the company, valued at approximately $5,847,435. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 960,964 shares of company stock worth $24,238,299. 39.73% of the stock is owned by company insiders.

CLEAR Secure Profile

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.